``Such forward contracts will enable long-term investors such as...
Category:
Life
Latest
Shriram Life Insurance records a net profit of Rs 43 crore in Q3FY25
Total premium income increased by 21 per cent to Rs 1,151 crore...
GIC Re:Gross premium grows 14% to Rs 9,967cr, net profit rises 7% to Rs 1621cr in Q3FY25
N Ramaswamy, CMD, GIC Re One of the outstanding features of GIC...
IBA and 2 Insurance Councils want an IT vendor for setting up a single repositary for 35 crore Jan Suraksha schemes
`The existing data of Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana of approximately more than 35 crore customers since the start of the schemes(2015) need to be migrated from the individual/banks and insurers to the repository,’’...
LIC IPO subscribed 1.79 times on Day 5; offer closes on Monday
The Qualified Institutional Buyer (QIB) category is yet to be fully subscribed. Bids were received for 0.67 per cent of the shares earmarked for the segment, showing a poor response. Mumbai: Life Insurance Corporation's IPO, the country's biggest public offer, was...
LIC IPO day 4: Total subscription at 1.66 times, NII portion fully booked
However, the Qualified Institutional Buyer (QIB) category received a poor response as just 0.67 per cent of the shares earmarked received the bids on the fourth day of the IPO Mumbai: Shares reserved for non-institutional investors, including high networth...
LIC IPO’s retail portion fully subscribed on day 3; offer closes on Monday
Retail individual investors bid for 8.53 crore shares as against 6.9 crore shares set aside for this segment -- translating into oversubscription of 1.23 times Of the total, the policyholders' portion was subscribed a little over four times, while that for employees...
Nearly 15 million deaths directly or indirectly linked to COVID-19
“The United Nations system is working together to deliver an authoritative assessment of the global toll of lives lost from the pandemic. This work is an important part of UN DESA’s ongoing collaboration with WHO and other partners to improve global mortality...
Future Group sells 25 pc stake in FGIICL to JV partner Generali for Rs 1,266 cr
As part of the deal, Generali has an option to buy out FEL’s remaining interest in FGIICL ''directly or through a nominee'' at an agreed valuation, subject to applicable regulatory approvals, FEL had said earlier New Delhi: Debt-ridden Future Group on Thursday said it...
LIC IPO fully subscribed on day 2; offer closes on May 9
Retail individual investors picked up nearly 93 per cent of the 6.9 crore shares set aside for this segment Of the total, the policyholders' portion was subscribed a little over three times, while that for employees was subscribed 2.21 times Mumbai: LIC's public...
LIC IPO is credit positive for India’s life insurance sector
``We see the arrival of external shareholders with experience of the insurance industry as a further key benefit of the IPO. We believe the presence of foreign stakeholders will bring particular benefits in the areas of capital adequacy, financial flexibility and...
LIC IPO: Policyholders’ portion oversubscribed; overall subscription at 67 pc on day 1
Retail Individual Investor category picked up nearly 60 per cent of the 6.9 crore shares set aside for this segment However, demand from qualified institutional buyers (QIBs) and non-institutional investors was muted. The non-institutional investors' portion was...
Allianz and Sanlam to merge their African business to form the largest pan-African insurer
Combining Sanlam’s expertise in Africa with Allianz’s global capabilities and insurance solutions, particularly for multinational businesses, the partnership aims to increase life and general insurance penetration, accelerate product innovation and drive financial...